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Alex purchased 100 shares of Apple (APPL) for $25,000 in 2020. Alex sold the shares on December 15,2023 for $18,000. After reconsidering, Alex thought the

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Alex purchased 100 shares of Apple (APPL) for $25,000 in 2020. Alex sold the shares on December 15,2023 for $18,000. After reconsidering, Alex thought the company would improve going forward so he purchased another 100 shares on January 5,2024 for $19,000. Required: a. Calculate the capital loss reported on Alex's 2023 Schedule D related to the December 15 sale. What is the tax basis in the 100 shares purchased on January 5,2024

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